Cardano ( #ADA ) is showcasing a textbook Elliott Wave pattern with clear wave counts at two levels, hinting at a potential major rally. Here's the breakdown:
š Key Analysis:
1ļøā£ At the Minor level, ADA completed wave 1 near $0.80 and corrected down to $0.2752 during wave 2.
2ļøā£ Currently, ADA is in Intermediate wave 3, a powerful impulse wave often associated with significant upward momentum.
3ļøā£ Using Fibonacci extensions, potential targets for wave 3 have been identified at:
1.618x wave 1: $1.23
2.61x wave 1: $1.81
4.27x wave 1: $2.80
šÆ In the mid term, Cardano could potentially reach $2.80, especially considering its previous all-time high of $3.30.
ā ļø Disclaimer: This analysis is for informational purposes only. Always DYOR and consider market conditions before making any financial decisions.
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